Regal Entertainment Group Leases 38000 Square Feet At 3801 Queens Blvd In Long Island City
3801 Queens BLVD, Queens, NY, 11101
Building Size
38,000 SF
Asset Type
Retail
Closing
Nov 15, 2017
About this deal
AI
The property asset involved in the transaction is located at 3801 Queens Blvd, Queens, NY, 11101, within the Long Island City market. The total square footage of the space is 38,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3801 Queens BLVD, Queens, NY, 11101
- Market: Long Island City
- Tenant: Regal Entertainment Group
- Landlord: RW Real Estate Group
- Tenant's Representative: Harris Reichenbaum-Ripco Real Estate
The transaction involves Regal Entertainment Group as the tenant and RW Real Estate Group as the landlord. The deal is represented for the tenant by Harris Reichenbaum from Ripco Real Estate.
Players
Long Island City Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93